Business, 04.08.2021 02:20, pattydixon6

Consider a tax on cigarettes. The tax incidence will fall more heavily on the side of the market that is:. a. less elastic, which is likely to be the supply (seller) side because of the addictive nature of the product.
b. less elastic, which is likely to be the demand (consumer) side because of the addictive nature of the product.
c. more elastic, which is likely to be the demand (consumer) side because of the addictive nature of the product.
d. more elastic, which is likely to be the supply (seller) side because of the addictive nature of the product.

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Consider a tax on cigarettes. The tax incidence will fall more heavily on the side of the market tha...